I believe what you see on the screen in terms of depth to the sell side is a just a mere fraction of what's really for sale.
FCNZ as the broker tasked with the buyback are keen to maintain the charade of an orderly market.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I believe what you see on the screen in terms of depth to the sell side is a just a mere fraction of what's really for sale.
FCNZ as the broker tasked with the buyback are keen to maintain the charade of an orderly market.
How would you propose they do that? Interfere with the NZX data? Are you accusing them of a criminal activity?
The only thing they can control is placing their bids ... not the sales, and certainly not any third party sales.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
How would you propose they do that? Interfere with the NZX data? Are you accusing them of a criminal activity?
The only thing they can control is placing their bids ... not the sales, and certainly not any third party sales.
Nothing criminal about it. See the Direct broking thread. The selling is relentless. As soon as a sale order is filled the sellers come back and load more to the sell side. There's simply no end to it whereas in terms of buying depth, there has been an absolute paucity of interest for many months now. Better get used to it making new multi year lows on a regular basis mate. The trend is clearly not your friend with this one.
Do you think leaving just 60 shares on the bid at $2.20 is a bit contrived ? Hoping someone doesn't have access to depth information and bids $2.21 ?
Last edited by Beagle; 26-02-2019 at 02:31 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Nice ski slope, Beagle might even have a go on that slope.
Yeap I'd have a go on that slope but be watching for very slushy conditions down the bottom. Could make a huge mess after a belly flop eh mate (private joke folks)
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Easy skiing conditions. Canny investors will wait until the chair lift gets fixed
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by Beagle
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